SAFETY IS NOT INBUILT????

THE STOCKMARKETS ARE NEVER CONSIDERED AS “INVESTMENT SAFETY” OPTION UNLESS WE UNDERSATND “THE INVESTMENT STRATEGY”.

The Gold is rising to new heights every day and it will rise to a level where it can match the conditions of euphoria similar to the silver when it touched Rs 75000 level. The commodity traders might remember the catastrophe emerged in the white metal trades over night.  The similar situation is not seen in GOLD as the sovereign involvement and cover is well fabricated for such a steep fall, so the fall cannot be averted but most of the countries prefer GOLD against Dollar.

The major equity markets across the globe except Germany are closed in Green but the problems are not solved but people accepted the facts with re-rating/de-rating. The Indian markets bounced from a low of 4800 level to 4900 level mainly supported by Reliance, ONGC Bharati and the banking names like SBI&ICICI. The auto sector fared well with advancement in T-Motors, BajajAuto and a stable advancement in Heromotocorp. The metal sector is doing well despite of shortages in supply of Iron ore and firm prices of coal. The Hindalco, Sterlite and Hind copper made some decent gains from their yearly lows. The Nifty is good and likely to see some advancement so long it trades above 4870-60 level. As of now the turn to North is not happened but the fall is arrested with the decent gains in the frontline stocks. The sugar secors has showed a marvelous exhibit with over 5-10 gains in the stocks. The major news tahta can trigger an up-move can be expected soon as the follow-on issues are pending and are lined-up. The SAIL, ONGC and SBI are bottomed with this news. The classic example will be ONGC. It has not breached the 270 level even after 10% fall in the Index.

THE WRITE UP FOR MORNING, BUT THE TRADING DAY COMPLETED